International Paper (IP) has conducted major
strategic changes to its global operations, evidenced by plant divestitures, site closures, and job cuts in North America and Europe. Closures affect plants in Texas, UK, Ohio, and Louisiana and are partially connected with the company's regulatory commitments from the acquisition of
DS Smith Plc. The company also exited the molded fiber market and sold select Mexican sites. Meanwhile, IP plans on building a new sustainable packaging facility in
Salt Lake City, Utah, part of its sustainability drive. Despite market and economic uncertainties, the company presses forward with its 2027 vision, involving the complete integration of recently acquired DS Smith. Results for the first quarter came in with revenue shortfalls. Importantly, strategic plans include the consolidation of the company's footprint between the U.S-Mexico borders and a fresh turnaround that will see the company dominate the packaging industry. IP executives have also acquired some shares via dividend reinvestment, indicating their faith in the company's strategy.
International Paper IP News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Thu, 10 Jul 2025 12:22:00 GMT -
Rating -5
